Argentina, China discuss Atucha III nuclear details

Monday, September 1, 2014

Argentine and Chinese government officials met to discuss the details of Atucha III, Argentina's fourth nuclear plant, which China has committed to help finance and supply.

State nuclear company Nucleoeléctrica Argentina will design, build and operate the 800MW facility, an Argentine government release said. The plant will be built over eight years at the Atucha nuclear complex, adjacent to the 745MW Néstor Kirchner plant, also known as Atucha II.

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The project will need an estimated investment of around US$5.8bn, including US$2bn for foreign supplies and 32bn pesos (US$3.81bn) for construction work and local materials, according to the statement.

China's state-run nuclear company CNNC will provide equipment, components and services for the project.

The Kirchner facility, meanwhile, has reached 50% capacity and is expected to hit 100% in the coming weeks, the statement said.

The two countries signed a nuclear cooperation deal in 2012, which included a commitment by China to help develop Atucha III.